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Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centene Says On May 7 Co Amended And Restated Existing Credit Agreement
Tuesday, 7 May 2019 

May 7 (Reuters) - Centene Corp ::CENTENE - ON MAY 7, AMENDED AND RESTATED EXISTING CREDIT AGREEMENT.CENTENE - CREDIT AGREEMENT PROVIDES FOR A $2.0 BILLION UNSECURED MULTI-CURRENCY REVOLVING CREDIT FACILITY.CENTENE - CREDIT AGREEMENT ALSO PROVIDES FOR $300 MILLION SUB-LIMIT FOR LETTERS OF CREDIT & $200 MILLION SUB-LIMIT FOR SWINGLINE LOANS.CENTENE - REVOLVING CREDIT FACILITY WILL MATURE ON MAY 7, 2024, UNLESS OTHERWISE EXTENDED.CENTENE - CREDIT AGREEMENT ALLOWS FOR ADDITIONAL INCREMENTAL LOANS UP TO GREATER OF $500 MILLION.  Full Article

Centene Corp Appointed Michael Neidorff To Chairman, President And CEO, Effective Immediately
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Centene Corp ::CENTENE CORP - ON APRIL 23 APPOINTED MICHAEL NEIDORFF TO CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, EFFECTIVE IMMEDIATELY - SEC FILING.CENTENE CORP - NEIDORFF PREVIOUSLY SERVED AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER.  Full Article

Centene CEO Says Will Probably Continue At Co At Least Five More Years
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Centene Corp ::CENTENE CFO SAYS $500 MILLION OF ESTIMATED ANNUAL COST SAVINGS FROM DEAL INCLUDE SYNERGIES FOR A "PRUDENT AMOUNT OF POTENTIAL DIVESTITURES" - CONF. CALL.CENTENE CEO SAYS WILL PROBABLY CONTINUE AT CO AT LEAST FIVE MORE YEARS - CONF. CALL.  Full Article

Centene To Acquire WellCare In Transaction Valued At $17.3 Bln
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Centene Corp ::CENTENE AND WELLCARE TO COMBINE TO CREATE A PREMIER HEALTHCARE ENTERPRISE FOCUSED ON GOVERNMENT-SPONSORED HEALTHCARE PROGRAMS.CENTENE CORP - TRANSACTION PROJECTED TO BE MID-SINGLE DIGIT ACCRETIVE TO ADJUSTED EPS IN YEAR TWO.CENTENE CORP - TRANSACTION VALUED AT $17.3 BILLION; COMBINED COMPANY TO HAVE APPROXIMATELY 22 MILLION MEMBERS.CENTENE CORP - COMBINED COMPANY TO HAVE APPROXIMATELY 22 MILLION MEMBERS ACROSS ALL 50 STATES.CENTENE CORP - TRANSACTION PROJECTED TO BE MID-SINGLE DIGIT ACCRETIVE TO ADJUSTED EPS IN YEAR TWO.CENTENE CORP - DEAL FOR $305.39 PER SHARE.CENTENE CORP - BOARD OF COMBINED COMPANY WILL CONSIST OF 11 MEMBERS, NINE OF WHOM WILL BE FROM BOARD OF CENTENE.CENTENE CORP - TRANSACTION IS EXPECTED TO BE SLIGHTLY DILUTIVE TO ADJUSTED EARNINGS PER SHARE IN YEAR ONE.CENTENE CORP - AFTER CLOSE OF TRANSACTION, MICHAEL NEIDORFF WILL LEAD COMBINED COMPANY AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER.CENTENE CORP - KEN BURDICK AND DREW ASHER ARE EXPECTED TO JOIN CENTENE SENIOR MANAGEMENT TEAM IN NEW POSITIONS CREATED AS A RESULT OF ACQUISITION..CENTENE CORP - COMBINATION IS EXPECTED TO GENERATE APPROXIMATELY $500 MILLION OF ANNUAL NET COST SYNERGIES BY YEAR TWO.CENTENE CORP - COMBINED COMPANY WILL BE HEADQUARTERED IN ST. LOUIS, LOCATION OF CENTENE'S HEADQUARTERS.CENTENE - WELLCARE SHAREHOLDERS TO RECEIVE FIXED EXCHANGE RATIO OF 3.38 SHARES OF CO'S STOCK AND $120 IN CASH FOR EACH SHARE OF WELLCARE COMMON STOCK.  Full Article

Centene Is Holding Takeover Talks With Wellcare Health - CNBC, Citing Report
Tuesday, 26 Mar 2019 

March 26 (Reuters) - :CENTENE IS HOLDING TAKEOVER TALKS WITH WELLCARE HEALTH - CNBC, CITING REPORT.  Full Article

Centene Corp Announces Two-For-One Stock Split Is Effective
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Centene Corp ::CENTENE CORPORATION ANNOUNCES TWO-FOR-ONE STOCK SPLIT IS EFFECTIVE.CENTENE CORP - SHARES OF COMMON STOCK ARE LISTED ON NYSE UNDER SYMBOL "CNC" AND WILL BEGIN TRADING FEBRUARY 7, 2019, AT SPLIT-ADJUSTED PRICE.  Full Article

Centene Reports Q4 Adj EPS Of $1.38
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Centene Corp ::ORATION REPORTS 2018 RESULTS AND INCREASES 2019 ANNUAL GUIDANCE.Q4 ADJUSTED EARNINGS PER SHARE $1.38.Q4 REVENUE $16.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $16.4 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.32 -- REFINITIV IBES DATA.QTRLY EARNINGS PER SHARE $1.15.DECEMBER 31, 2018 MANAGED CARE MEMBERSHIP OF 14.0 MILLION, AN INCREASE OF 1.8 MILLION MEMBERS, OR 15%, OVER 2017.HEALTH BENEFITS RATIO (HBR) OF 86.8% FOR Q4 OF 2018, COMPARED TO 87.3% IN Q4 OF 2017.SEES 2019 TOTAL REVENUES $70.3 BILLION TO $71.1 BILLION.SEES 2019 GAAP DILUTED EPS $3.65 - $3.83.SEES 2019 ADJUSTED DILUTED EPS $4.11 - $4.31.Q4 CASH FLOW NEGATIVELY AFFECTED BY PAYMENT OF 2018 HEALTH INSURER FEE AND REPAYMENT OF ABOUT $370 MILLION OF REBATE PAYMENTS.SEES 2019 HBR 86.5% - 87.0%.  Full Article

Appaloosa LP Cuts Share Stake In Alibaba, Facebook, Alphabet
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Appaloosa LP::APPALOOSA LP CUTS SHARE STAKE IN ALIBABA GROUP HOLDING LTD FROM 2.6 MILLION TO 1.5 MILLION SPONSORED ADS.APPALOOSA LP CUTS SHARE STAKE IN FACEBOOK BY 35 PERCENT TO 3.3 MILLION CLASS A SHARES.APPALOOSA LP CUTS SHARE STAKE IN ALPHABET INC BY 39.6 PERCENT TO 200,000 CLASS C CAPITAL STOCK.APPALOOSA LP DISSOLVES SHARE STAKE IN UNITED CONTINENTAL HOLDINGS INC.APPALOOSA LP DISSOLVES SHARE STAKE IN SYMANTEC CORP.APPALOOSA LP DISSOLVES SHARE STAKE IN MGM RESORTS INTERNATIONAL - SEC FILING.APPALOOSA LP UPS SHARE STAKE IN PG&E CORP FROM 1.8 MILLION SHARES TO ABOUT 4 MILLION SHARES.APPALOOSA LP CUTS SHARE STAKE IN UNITEDHEALTH GROUP INC BY 34.1 PERCENT TO 348,890 SHARES.APPALOOSA LP CUTS SHARE STAKE IN HUNTSMAN CORP BY 34.7 PERCENT TO 2.0 MILLION SHARES.APPALOOSA LP CUTS SHARE STAKE IN ALLERGAN PLC BY 41.2 PERCENT TO 2.0 MILLION SHARES - SEC FILING.APPALOOSA LP CUTS SHARE STAKE IN MICRON TECHNOLOGY INC BY 11.2 PERCENT TO 36.0 MILLION SHARES.APPALOOSA LP CUTS SHARE STAKE IN CENTENE CORP BY 42.5 PERCENT TO 589,688 SHARES.APPALOOSA LP - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Centene Corp Prices Upsized Offering Of Senior Notes
Wednesday, 9 May 2018 

May 9 (Reuters) - Centene Corp ::CENTENE CORPORATION PRICES UPSIZED OFFERING OF SENIOR NOTES.CENTENE CORP - UNIT PRICED ITS OFFERING OF $1.8 BILLION AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026.CENTENE CORP - OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $1.7 BILLION OF NOTES.CENTENE CORP - NOTES PRICED AT 100% OF PRINCIPAL AMOUNT THEREOF, WHICH WILL RESULT IN AGGREGATE GROSS PROCEEDS OF $1.8 BILLION.  Full Article

Centene Corporation Announces Offering Of Common Stock
Monday, 30 Apr 2018 

April 30 (Reuters) - Centene Corp ::CENTENE CORPORATION ANNOUNCES OFFERING OF COMMON STOCK.CENTENE CORP - COMMENCED AN OFFERING TO SELL $2.6 BILLION IN SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE.CENTENE - TO USE PROCEEDS OF OFFERING TO FINANCE PORTION OF CONSIDERATION PAYABLE RELATED TO ANNOUNCED ACQUISITION OF ASSETS OF FIDELIS CARE.  Full Article

US STOCKS-Wall St falls as White House vows to raise China tariffs

* U.S. trade officials say China has backtracked from commitments